{"schema_version":"secwatch.filing_event.v1","accession":"0001574085-23-000026","form_type":"8-K","ticker":"BHR","cik":"0001574085","company_name":"Braemar Hotels & Resorts Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.657787+00:00","generated_at":"2026-06-19T02:39:36.794664+00:00","sec_items":["5.03","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.15,"calibrated_materiality_score":0.15,"confidence":"high","headline":"Braemar Hotels reduces quorum for 2023 annual meeting to one-third","bullets":["Bylaw Amendment lowers quorum from majority to at least one-third of votes entitled to be cast, effective Feb 23, 2023.","Change applies solely to the 2023 annual meeting and any postponements or adjournments.","Reason: retail brokers' policies limiting discretionary votes and increased retail holder base caused declining quorum.","Adopted by unanimous written consent of the board of directors."],"urls":{"canonical":"https://secwatch.observer/filing/0001574085-23-000026","json":"https://secwatch.observer/filing/0001574085-23-000026.json","markdown":"https://secwatch.observer/filing/0001574085-23-000026.md","text":"https://secwatch.observer/filing/0001574085-23-000026.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/0001574085-23-000026-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/bhr-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T02:39:36.794664+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"998965de885c14c09a27b09ab54977cf356dc14b","claim":"Braemar Hotels & Resorts Inc.: Reduced quorum requirement for 2023 annual meeting from a majority to at least one-third of votes entitled to be cast (effective 2023-02-23).","evidence_excerpt":"The Bylaw Amendment reduced the Quorum Requirement solely for the 2023 annual meeting from a majority to at least one-third of all votes entitled to be cast at such meeting, as permitted under the Maryland General Corporation Law.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1574085/000157408523000026/0001574085-23-000026-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-02-23"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}